energy companies, BP, and the Russian state company, Rosneft, unsuccessfully attempted to form a strategic partnership on Arctic development. This failure was caused by the contractual and legal objections of the AAR consortium - BP’s partners in the Russian oil company TNK-BP. In 2003-5, BP and the AAR consortium led by three billionaires with Russian connections - Mikhail Fridman, Len Blavatnik, and Viktor Vekselberg - merged their Russian oil corporate assets - TNK, Sidanko, and Onako
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TNK-BP (RUSSIA) 2008 – (A07-09-0006) 1. Why did BP create TNK-BP? Are the partners equally committed and motivated to create a successful venture? 2. How has the JV performed? Has it met expectations? 3. Why has the JV experienced so many problems? 4. Does the Russian government have a specific agenda for the JV? 5. What options does BP have? What would you recommend? 1. In comparison with its competitors, the production growth of BP was constrained by its mature oil fields. As a result of
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imply when it comes to BP? They came to the following conclusion: according to Capron and Mitchell, a company a joint venture (an alliance) should be created only if a company clearly identifies a resource gap. In this case, the company does not necessarily own these resources. The company does not need to have a close relation with the resource provider, nor does it need to come to an agreement about the resources’ value with the provider. Therefore, when it comes to BP, Alfa Group and Access
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bullet Licensing and technology transfer. Licensing and tech transfer have been essential in promoting collaboration between the academic and business communities. Ever since legal hurdles were removed that allowed universities to hold title to research and development done in their labs, licensing agreements have helped turned raw technology into finished products that are viable in competitive marketplaces. With some help from a variety of government agencies in the form of grants for R&D as
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BP in Russia Executive Summary This case study “BP in Russia: Settling the Joint Venture Dispute” goes into the major world energy companies and the formation of joint ventures. This case delves into the 50/50 international joint venture (IJV) formed between British Petroleum (BP) and a group of Russian investors, Alfa Group, Access Industries, and Renova known as AAR. This IJV was formed in September 2003 and was known as TNK-BP.1 TNK-BP’s CEO was Robert Dudley in May 2008. This is when
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TNK-BP, also known as Tyumenskaya Neftyanaya Kompaniya, Tyumen Oil Company), used to be a one of the biggest vertically integrated Russian oil company, which had its headquarters in Moscow. It was rated Russia’s third largest oil producer, in addition it was amongst the top 10 largest private oil companies in the whole world. However, it was bought by another Russian oil company known as Rosneft, in 2013. History of TNK-BP It was confirmed by DeGolyer and MacNaughton that since 31 December 2009
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Principles and Practice Case study « TNK-BP » 1) Explain based on i) the type of partners (competitors or not), ii) the contribution of resources (which resources?) and iii) the nature of the alliance (what is both partners’ purpose?) whether TNK-BP is a scale or scope alliance. The TNK-BP joint venture is an alliance between two competitors(i): the oil British giant BP and the consortium of four Russian billionaires behind AAR. On the hand, BP is the second largest private sector oil
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Business Summary | | BP is also BO (Big Oil). It is the world's third-largest integrated oil concern, behind Exxon Mobil and Royal Dutch Shell. BP explores for oil and gas in 30 countries and has proved reserves of 18.3 billion barrels of oil equivalent. BP is the largest oil and gas producer in the US and a top refiner, with stakes in 16 refineries, processing 4 million barrels of crude oil per day. BP markets its products in more than 80 countries and operates 22,400 gas stations worldwide
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BP From Wikipedia, the free encyclopedia This is the latest accepted revision, accepted on 2 October 2010.Jump to: navigation, search This article is about the energy corporation. For other uses, see BP (disambiguation). For information on the oil spill from the Deepwater Horizon rig, see Deepwater Horizon oil spill. BP p.l.c. Type Public limited company (LSE: BP, NYSE: BP) Industry Oil and natural gas, alternative fuels Founded 1909 (as the Anglo-Persian Oil Company) 1954 (as the
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BP plc,[5][6] also referred to by its former name, British Petroleum, is one of the world's seven "supermajor" oil and gas companies.[7] It is a British multinational company, headquartered in London, England, whose performance in 2012 made it the world's sixth-largest oil and gas company, the sixth-largest energy company by market capitalization[8] and the company with the world's fifth-largest revenue (turnover).[9][10] It is a vertically integrated company operating in all areas of the oil and
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